Tencent Holdings Ltd Chairman and CEO Pony Ma attends a news conference announcing the company’s annual results in Hong Kong, China March 21, 2018. REUTERS/Bobby Yip Register now for FREE unlimited access to Reuters.com Register HONG KONG, March 15 (Reuters Breakingviews) – A Tencent (0700.HK) breakup is a radical but simple way to address mounting […]
(Bloomberg) — A selloff across Chinese equities deepened on Tuesday as concerns about the country’s ties with Russia and persistent regulatory pressure sent shares on a downward spiral. Most Read from Bloomberg The Hang Seng China Enterprises Index, which tracks Chinese shares listed in Hong Kong, sank 6.6%, following a plunge in the previous session […]
This outbreak has spread far faster than previous waves of less infectious variants, with daily cases skyrocketing from a few dozen in February to more than 5,100 on Tuesday — the highest figure since the early 2020 outbreak in Wuhan. The number may sound low compared to other countries, but it is alarmingly high for […]
March 15 (Reuters) – Bitcoin loves flirting with the mainstream. But now, as the US president says he wants to get serious, he may be getting cold crypto feet. When Joe Biden ordered officials to prepare reports on the role of cryptocurrencies in future finance last Wednesday, bitcoin leapt as much as 9% and ether […]
Retail sales rose 6.7% in the first two months of 2022 compared to a year ago, according to data released by the National Bureau of Statistics (NBS) on Tuesday. That was well above the estimated 3% increase in a Reuters poll of economists. Industrial production jumped 7.5% during the same period, surpassing the forecast of […]
BMO Capital Markets chief investment strategist Brian Belski weighs in on the Federal Reserve rate hikes and market volatility. Tea Federal Reserve is expected to begin raising interest rates this week for the first time in three years as policymakers look to cool red-hot inflation, a move that comes at a precarious time for the […]
A de facto ban on Bitcoin and Ether died in the European Union Parliament today. The controversial proposal attempted to clean up pollution from the most energy-inefficient cryptocurrencies. But even though the proposal failed, cryptocurrencies are still likely to face scrutiny from policymakers as the EU tries to tackle twin climate and energy crises. Getting […]
SINGAPORE — Shares in China lagged among Asia-Pacific markets on Tuesday, with the release of much better-than-expected Chinese economic data offering little respite. Hong Kong’s Hang Seng index fell 6.35% in afternoon trade. That came after the benchmark index closed at its lowest since March 2016 on Monday. Chinese tech stocks in Hong Kong were […]
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register SYDNEY, March 15 (Reuters) – Asian stocks were in the red on […]
Tesla and Spacex CEO Elon Musk has revealed that his two companies are seeing significant inflation pressure in raw materials and logistics. He advised people to own physical things when inflation is high but stressed he will not sell his cryptocurrencies: bitcoin, ether, and dogecoin. Elon Musk Discusses High Inflation The CEO of Tesla and […]
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